Metallurgy Market News

Foreign exchange earnings from steel exports from the Donetsk region decreased by 12%

In 2019 the weighted average price tons exported metal dropped by 12.4%, resulting in the Donetsk region is not received 491,9 million dollars of foreign exchange earnings.

In 2019, foreign exchange earnings from export of ferrous metals from the Donetsk region (excluding the part temporarily occupied territory) amounted to 3 billion RUR 481.6 million, compared to 2018 less than 12.0%. The weighted average price per ton of exported metal also declined by 12.4%, resulting in an area is not obtained 491,9 million dollars of foreign exchange earnings.

In the first place for the export of Donbass steel – Italy, which was acquired in 2019 ferrous metals from the Donetsk region in the amount of more than $ 1 billion. While 87.5% of the is carbon steel semis, which fell the most (18.6%).

Currency proceeds from exports of goods in the United States, which in 2019 was at 99.3% secured at the expense of ferrous metals decreased compared to 2018 37.6% and amounted to 284,8 million, or 6.1%, of which the country ranked fourth, behind Poland, where the exported goods to 294,7 million dollars (6,4% of the total).

in addition to ferrous metals, Donetsk oblast decreased in 2019 compared to the previous year, exports of ferrous metals 30.6%, chemical products – by 42.7%. Foreign exchange earnings from export deliveries of machine building products grew compared to the 2018 year of 19.5%.